New Delhi, November 11: Gold prices today hit a record high of Rs 16,785 per ten gram in futures trading at the Multi Commodity Exchange as traders enlarged their positions in tandem with a firming global trend after the US dollar weakened.
Gold for delivery in far-month February contract surged to Rs 16,785 per ten grams before slipping 0.58 per cent to Rs 16,774 per ten gram in a turnover of 164 lots.
In a similar fashion, April month contract rose by 0.77 per cent to hit a high of Rs 16,781 per ten gram with a business turnover of 3 lots.
Similarly, the metal for delivery in December month shot up to a high of Rs 16,749 but slipped to trade 0.57 per cent at Rs 16,729 per ten gram in a business turnover of 1,995 lots.
—PTI